SECP Registered 338 Companies in April 2011

ISLAMABAD (May 03, 2011) – The Securities and Exchange Commission of Pakistan (SECP) has registered 338 companies in April 2011, whereas 342 companies were incorporated last month and 322 in the corresponding month of last year.

The private companies have a major share in new incorporation totaling 306 companies. In addition, 22 single-member companies, 2 public unlisted companies, 5 non-profit associations and 3 foreign companies have been registered, says a statement of the Commission issued here Tuesday.

The highest new incorporation of 97 companies took place at the Company Registration Office (CRO) Lahore followed by CRO Islamabad and Karachi registering 89 and 88 companies, respectively.

The remaining CROs in Quetta, Peshawar, Multan, Faisalabad and Sukkur registered 20, 18, 13, 12 and 1 companies respectively.

The sector-wise breakdown shows that 57 companies were registered in the trading sector, followed by 52 in services, 25 in communications, 17 in IT, 14 in textile, 13 in construction, 12 in engineering, 11 each in broadcasting and telecasting, and transport, and 10 in cable and electrical goods.

The authorized capital and paid-up capital of the 338 companies, is Rs 2037.41 million and Rs857.89 million respectively.
During the month, 59 companies increased their authorized capital with the aggregate authorized capital increment of Rs83.63 billion and 75 companies raised their paid-up capital with the total paid-up capital increment amounting to Rs6.72 billion.

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